ETH, ADA and these 3 altcoins are Benjamin Cowen according to KOL. the most rewarding cryptocurrencies in 2022
A prominent analyst names his top altcoin picks as the crypto market enters a new year.
In one Video Newly told analyst Benjamin Cowen to 1.18 million channel subscribers that Layer 1 and Layer 2 blockchain projects are the focus of his interest.
First and foremost is the leading smart contract platform Ethereum (ETH).
“Ethereum is clearly an ‘altcoin index’.
You want your altcoins to outperform, or at least keep up with, Ethereum. Take a look at your ETH pairs on the macro.
I think MATIC is a good project, I think the expansion of Layer 2 is very important.
But also Cardano, Polkadot, Avalanche. ”
The Polygon Multi-Chain Scaling Solution (MATIC) experienced a boom in 2021, climbing from $ 0.03 to a new all-time high of $ 2.88 last Saturday. MATIC has since corrected and is currently trading at $ 2.47.
In second place on the Cowen list is the scalable blockchain platform Cardano (ADA), which ranks 6th in terms of market capitalization. This altcoin has seen an epic rally from $ 0.18 to a summer high of $ 3.11. ADA is currently trading at $ 1.33.
Next up is the platform that connects multiple blockchains, Polkadot (DOT) climbed from lows below $ 10 in January to highs above $ 47 in May and $ 54 in November, but has corrected itself sharply since then and is currently at $ 28.9 acted.
Last on Cowen’s list of favorites is the Layer 1 smart contract platform Avalanche (AVAX). It started at around $ 3.50 in 2021 but went through a series of epic rallies, eventually reaching an all-time high of $ 144.96 in late November.
The cryptocurrency in 11th place changes hands at $ 111.
The analyst added:
“The most important projects that I am pursuing are Cardano, Polkadot, Avalanche, MATIC.
You really have a lot of potential. You can see that in the top 10 or 20, most of the time is Layer-1, Layer-2.
I think this is a great portfolio for 2022 ″.